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Suzuki Congratulates Congress, President Obama on Approval of 'Car Allowance Rebate System' (CARS) Law

Posted on: Wednesday, 24 June 2009, 17:13 CDT

BREA, Calif., June 24 /PRNewswire/ -- With a rich history of producing affordable, fuel-efficient products that fulfill its brand promise of "Travel Light, Live Fully," American Suzuki Motor Corporation (ASMC) looks forward to the implementation of the Car Allowance Rebate System (CARS), formerly referred to as the "Cash for Clunkers" initiative signed into law by President Obama today.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060829/LATU016LOGO-c)

"We applaud President Obama on signing this extraordinary bill, which will help provide financial relief for Americans across the country and further assist with the economic recovery of the automotive marketplace," said Kevin Saito, president of American Suzuki. "With an added incentive for new car buyers to focus on fuel-efficient vehicles, Suzuki is poised for an increase in dealer traffic thanks to the CARS program. Better yet, we not only offer these people more efficient vehicles, we offer cars, trucks and SUVs that are fun to drive and look great on the road."

The new CARS law allows consumers to receive up to a $4,500 voucher to trade in their old gas guzzlers for a more fuel-efficient new vehicle. Qualifying vehicles are considered passenger cars, mini vans, SUVs and small light-duty trucks that get less than 18 mpg, and large light-duty trucks that get less than 15 mpg city/highway combined. For passenger cars, if the new vehicle is at least four mpg more fuel efficient than the old vehicle, consumers will receive a $3,500 voucher toward a new vehicle. If the new vehicle is at least 10 mpg more fuel efficient than the old vehicle, the voucher is good for $4,500.

Suzuki offers a full lineup of new vehicles that readily qualify for the CARS initiative. Beyond its designation as America's most fuel-efficient all-wheel-drive vehicle(1), the five-door SX4 Crossover is the lowest priced automobile to offer a fully integrated standard touch-screen navigation system as standard equipment. For current SUV owners looking to trade-in their gas guzzler, the Grand Vitara offers fuel economy comparable to some crossover-type SUVs (up to 26 mpg highway), along with true 4X4 capability, via a two-speed transfer case. Other vehicles that qualify under the CARS program include the fun-to-drive four-door SX4 sedan (and Sport) and four-cylinder version of the all-new Equator pickup truck. In fact, all of Suzuki's 2009 model year automotive sales have come from vehicles that qualify for the CARS program with the requisite trade in.

The following Suzuki models are eligible for the CARS incentive:

• All SX4 Crossover models
• All SX4 Sedan models
• All Grand Vitara models
• All XL7 models
• All Equator models (4-cyl and 6-cyl)

In addition to its fuel-efficient automobiles, Suzuki offers an assortment of motorcycles that meet the criteria under the new legislation, including Suzuki's new TU250X (82 miles per gallon) and Gladius (58 mpg).

For more information on obtaining a CARS voucher during your purchase of a new Suzuki vehicle, consumers can visit www.cars.gov or http://suzukiauto.com/cars.

About Suzuki

The Brea, Calif.-based Automotive Operations of American Suzuki Motor Corporation was founded in 1963 by parent company Suzuki Motor Corporation (SMC) and currently markets its vehicles in the United States through a network of approximately 400 automotive dealerships and numerous other motorcycle, ATV and marine distributors in 49 states. With global headquarters in Hamamatsu, Japan, SMC is a diversified worldwide automobile, motorcycle and outboard motor manufacturer. In 2008, SMC sold more than two million new cars and trucks and more than three million motorcycles and ATVs. Founded in 1909 and incorporated in 1920, SMC has operations in 193 countries and regions. For more information, visit www.media.suzukiauto.com.

(1) Excludes hybrids and premium-brand lineups.

SOURCE American Suzuki

Source: PR Newswire

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